Narendra Modi’s win will help domestic technology spending: TCS

India's second largest software services company Tata Consultancy Services expects to get a boost from increased IT spending by the Modi-led BJP government.

Congratulating Narendra Modi on his landslide victory, TCS Chief Executive N Chandrasekaran said: "A strong and stable government at the Centre will help drive the next generation of reforms, speed up policy making thereby boosting prospects for economic growth."

He further added upgrading the country’s infrastructure through investment will help boost growth rates as well as give a fillip to many industries including the IT industry, which can tap the talent available in Tier II and Tier III cities and create sustainable jobs.

"The government should embrace digital technologies to connect with and serve citizens in a holistic manner. For a large country like India, digital governance is the only way to fundamentally simplify its interactions with citizens at key service touch points."

Chandrasekaran stressed that India’s entrepreneurship spirit also needs to be further fuelled, backed by investment and innovation so that we can meet the economic aspirations of society.

"If these priorities are tackled through policy and execution, the country can return to a higher, sustainable GDP growth path," he stated.

"I expect that the new government will adopt technology very significantly."

At a press conference, Chandrasekaran said he expects TCS's India business to start growing in the second half of this year. "We have got a historic mandate. I’m extremely positive that things will pick up in India much sooner," he said.